Can I retire at age 59 with 654,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $654,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$54,007$53,526$53,056$52,598$52,151$51,329
2 years$26,736$26,238$25,755$25,288$24,834$24,008
3 years$17,647$17,147$16,666$16,202$15,756$14,952
4 years$13,103$12,605$12,128$11,673$11,237$10,461
5 years$10,378$9,882$9,412$8,966$8,542$7,796
6 years$8,561$8,070$7,606$7,170$6,759$6,044
7 years$7,265$6,777$6,321$5,895$5,497$4,813
8 years$6,292$5,809$5,361$4,945$4,560$3,907
9 years$5,537$5,058$4,617$4,212$3,840$3,218
10 years$4,932$4,458$4,025$3,631$3,272$2,680
11 years$4,438$3,969$3,544$3,160$2,814$2,252
12 years$4,027$3,562$3,145$2,772$2,439$1,905
13 years$3,679$3,219$2,810$2,447$2,127$1,621
14 years$3,381$2,926$2,525$2,172$1,864$1,386
15 years$3,123$2,673$2,279$1,937$1,641$1,190
16 years$2,897$2,453$2,067$1,735$1,451$1,025
17 years$2,699$2,259$1,881$1,558$1,286$885
18 years$2,522$2,087$1,717$1,404$1,144$766
19 years$2,365$1,934$1,572$1,269$1,019$664
20 years$2,223$1,797$1,442$1,149$911$577
21 years$2,095$1,674$1,327$1,043$815$502
22 years$1,978$1,563$1,223$948$730$438
23 years$1,872$1,462$1,129$864$656$382
24 years$1,775$1,370$1,044$788$589$333
25 years$1,686$1,285$967$719$530$291
26 years$1,604$1,208$897$658$478$255
27 years$1,528$1,137$833$602$431$223
28 years$1,458$1,071$774$552$389$195
29 years$1,392$1,011$720$506$351$171
30 years$1,331$954$671$464$317$150
31 years$1,274$902$626$426$287$131
32 years$1,221$854$584$392$259$115
33 years$1,171$808$545$360$235$101
34 years$1,124$766$509$332$212$88
35 years$1,080$727$476$305$192$78
36 years$1,039$690$445$281$174$68
37 years$999$655$417$259$158$60
38 years$962$623$390$239$143$52
39 years$927$592$366$220$130$46
40 years$894$563$343$203$118$40
41 years$863$536$321$187$107$36
42 years$833$511$302$173$97$31
43 years$804$487$283$160$88$27
44 years$777$464$266$147$80$24
45 years$751$442$249$136$73$21
46 years$727$422$234$126$66$19
47 years$703$403$220$116$60$16
48 years$681$384$207$107$54$14
49 years$659$367$194$99$49$13
50 years$639$351$183$92$45$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $654,000, adding $2,442 every year, while hoping to spend $31,946 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 60/27/13 Blend
58$654,000$654,000$654,000$654,000
59$723,227$688,565$678,428$764,172
60$763,006$688,314$667,165$791,766
61$805,771$686,981$654,454$818,041
62$851,795$684,477$640,213$845,936
63$901,373$680,712$624,355$875,610
64$954,833$675,587$606,791$907,240
65$1,012,535$668,999$587,427$941,019
66$1,074,871$660,838$566,164$977,166
67$1,142,276$650,987$542,899$1,015,920
68$1,215,226$639,324$517,524$1,057,547
69$1,294,245$625,716$489,926$1,102,340
70$1,379,908$610,027$459,989$1,150,627
71$1,472,849$592,108$427,589$1,202,766
72$1,573,764$571,806$392,597$1,259,158
73$1,683,418$548,955$354,880$1,320,244
74$1,802,656$523,382$314,297$1,386,515
75$1,932,402$494,903$270,702$1,458,510
76$2,073,678$463,324$223,941$1,536,829
77$2,227,605$428,439$173,855$1,622,134
78$2,395,418$390,031$120,277$1,715,159
79$2,578,478$347,869$63,033$1,816,713
80$2,778,279$301,711$1,941$1,927,692
81$2,996,470$251,301$0$2,049,089
82$3,234,862$196,367$0$2,190,771
83$3,495,452$136,623$0$2,346,034
84$3,780,437$71,766$0$2,515,975
85$4,092,236$1,478$0$2,702,104
86$4,433,514$0$0$2,906,086
87$4,807,205$0$0$3,151,919
88$5,216,538$0$0$3,421,732
89$5,665,072$0$0$3,717,438
90$6,156,724$0$0$4,041,627
91$6,695,810$0$0$4,397,151
92$7,287,083$0$0$4,787,151
93$7,935,776$0$0$5,215,089
94$8,647,657$0$0$5,684,775
95$9,429,077$0$0$6,200,408
96$10,287,030$0$0$6,766,613
97$11,229,226$0$0$7,388,485
98$12,264,151$0$0$8,071,635
99$13,401,160$0$0$8,822,246
100$14,650,555$0$0$9,647,130